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Dec 30th, 2023
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 Cabelas layoffs coming...
#12554587
12/28/17 08:58 PM
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Joined: Feb 2008
Posts: 6,776
RiveraTackleCo.
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Feb 2008
Posts: 6,776 |
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12554599
12/28/17 09:05 PM
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Joined: Dec 2008
Posts: 16,926
grout-scout
TFF Guru
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TFF Guru
Joined: Dec 2008
Posts: 16,926 |
Im surprised that cabelas is under performing with their sales. Although Bass Pro Shops prices are expensive, he sure has figured out something to be making so much money.
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12554617
12/28/17 09:18 PM
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Joined: Feb 2004
Posts: 5,639
206champion
TFF Celebrity
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TFF Celebrity
Joined: Feb 2004
Posts: 5,639 |
I figured that this would happen eventually it always does when someone takes over another company.
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12554636
12/28/17 09:31 PM
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Joined: May 2014
Posts: 7,737
GIG'EM AGGIES
TFF Celebrity
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TFF Celebrity
Joined: May 2014
Posts: 7,737 |
BPS has already laid off their greeters and after the first there will probably be more. Kinda curious about what's up, the Garland BPS parking lot is full of boats that just came in. Must be at least 150-200 boats in the parking lot.
I am a Senager. (Senior teenager) I have everything that I wanted as a teenager, only 50 years later. I get an allowance every month. I have PU truck and a bass boat, I am blessed.
Conscience never acquits, it either accuses or excuses.
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12554700
12/28/17 10:41 PM
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Joined: Nov 2002
Posts: 5,118
BMCD
TFF Celebrity
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TFF Celebrity
Joined: Nov 2002
Posts: 5,118 |
Cabela's has always had an issue with profitability and under performing, and the main reason they got bought out. They hovered in the 3-5% profit range which upset many of the major investors.
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12554900
12/29/17 01:03 AM
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Joined: Dec 2010
Posts: 662
Cheesehead Wes
Pro Angler
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Pro Angler
Joined: Dec 2010
Posts: 662 |
I don't see how BPS stays open!!! All of the overhead in those stores with very little foot traffic IMO. Seems like it should take a 40-50% profit to keep those places alive and well. I have been to every Tx BPS this year and it was a ghost town every time I was in. Surely they aren't selling that much apparel or private label....
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Re: Cabelas layoffs coming...
[Re: BMCD]
#12554909
12/29/17 01:08 AM
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Joined: Aug 2009
Posts: 11,357
9094
TFF Guru
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TFF Guru
Joined: Aug 2009
Posts: 11,357 |
Cabela's has always had an issue with profitability and under performing, and the main reason they got bought out. They hovered in the 3-5% profit range which upset many of the major investors. Correct their inventory turns have always been low. This isnt the first round either. In Sydney Nebraska there are around 200 homes for sale and the real estate market has plunged. I know a lot of people that lost their jobs 6 months ago over this deal. Most were very well paying buyer or marketing jobs.
Retirement best job ever.
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Re: Cabelas layoffs coming...
[Re: Cheesehead Wes]
#12554916
12/29/17 01:10 AM
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Joined: May 2014
Posts: 7,737
GIG'EM AGGIES
TFF Celebrity
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TFF Celebrity
Joined: May 2014
Posts: 7,737 |
I don't see how BPS stays open!!! All of the overhead in those stores with very little foot traffic IMO. Seems like it should take a 40-50% profit to keep those places alive and well. I have been to every Tx BPS this year and it was a ghost town every time I was in. Surely they aren't selling that much apparel or private label.... You should have been at the Garland BPS last Friday & Saturday. Like to have never found a place to park and it was like the State Fair Midway inside. Every check out was full.
I am a Senager. (Senior teenager) I have everything that I wanted as a teenager, only 50 years later. I get an allowance every month. I have PU truck and a bass boat, I am blessed.
Conscience never acquits, it either accuses or excuses.
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Re: Cabelas layoffs coming...
[Re: GIG'EM AGGIES]
#12554946
12/29/17 01:27 AM
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Joined: Dec 2010
Posts: 662
Cheesehead Wes
Pro Angler
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Pro Angler
Joined: Dec 2010
Posts: 662 |
I don't see how BPS stays open!!! All of the overhead in those stores with very little foot traffic IMO. Seems like it should take a 40-50% profit to keep those places alive and well. I have been to every Tx BPS this year and it was a ghost town every time I was in. Surely they aren't selling that much apparel or private label.... You should have been at the Garland BPS last Friday & Saturday. Like to have never found a place to park and it was like the State Fair Midway inside. Every check out was full. I'm sure they have days like that but I run a major retail store and know what it takes to keep the "investors happy". I bet those stores are $150 million+ each to build. I just cant imagine how they get out of the red....
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Re: Cabelas layoffs coming...
[Re: Cheesehead Wes]
#12554952
12/29/17 01:33 AM
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Joined: Apr 2010
Posts: 1,288
Neches
Extreme Angler
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Extreme Angler
Joined: Apr 2010
Posts: 1,288 |
I don't see how BPS stays open!!! All of the overhead in those stores with very little foot traffic IMO. Seems like it should take a 40-50% profit to keep those places alive and well. I have been to every Tx BPS this year and it was a ghost town every time I was in. Surely they aren't selling that much apparel or private label.... You should have been at the Garland BPS last Friday & Saturday. Like to have never found a place to park and it was like the State Fair Midway inside. Every check out was full. I'm sure they have days like that but I run a major retail store and know what it takes to keep the "investors happy". I bet those stores are $150 million+ each to build. I just cant imagine how they get out of the red.... Go to the BPS Shreveport location, any Saturday I have ever been its packed.
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12555016
12/29/17 02:06 AM
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Joined: Jul 2014
Posts: 4,354
Bobby Milam
TFF Team Angler
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TFF Team Angler
Joined: Jul 2014
Posts: 4,354 |
Grapevine is a little slow during the workday but after people get off they always fill up and forget about the weekend.
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Re: Cabelas layoffs coming...
[Re: Cheesehead Wes]
#12555028
12/29/17 02:11 AM
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Joined: May 2014
Posts: 7,737
GIG'EM AGGIES
TFF Celebrity
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TFF Celebrity
Joined: May 2014
Posts: 7,737 |
I don't see how BPS stays open!!! All of the overhead in those stores with very little foot traffic IMO. Seems like it should take a 40-50% profit to keep those places alive and well. I have been to every Tx BPS this year and it was a ghost town every time I was in. Surely they aren't selling that much apparel or private label.... You should have been at the Garland BPS last Friday & Saturday. Like to have never found a place to park and it was like the State Fair Midway inside. Every check out was full. I'm sure they have days like that but I run a major retail store and know what it takes to keep the "investors happy". I bet those stores are $150 million+ each to build. I just cant imagine how they get out of the red.... Johnny Morris doesn't have any investors but he got a whole lot of money, I mean a WHOLE lot.
I am a Senager. (Senior teenager) I have everything that I wanted as a teenager, only 50 years later. I get an allowance every month. I have PU truck and a bass boat, I am blessed.
Conscience never acquits, it either accuses or excuses.
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12555037
12/29/17 02:14 AM
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Joined: Mar 2014
Posts: 4,207
Topwater2
TFF Team Angler
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TFF Team Angler
Joined: Mar 2014
Posts: 4,207 |
Bass Pro Shop is like Buc-ee's. Build it and they will come, and more than likely someone is going to buy something.
FishKen
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12555044
12/29/17 02:19 AM
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Joined: Jan 2004
Posts: 16,987
ezbassin
TFF Guru
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TFF Guru
Joined: Jan 2004
Posts: 16,987 |
So you buy out another business and lay off people so you can make even more money than you already do. That is just sorry. Now people are out of a job because of his greed.
That gives me even more reason not to shop at Bass Pro. His prices are too high also.
Last edited by ezbassin; 12/29/17 02:20 AM.
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Re: Cabelas layoffs coming...
[Re: RiveraTackleCo.]
#12555137
12/29/17 03:22 AM
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Joined: Oct 2008
Posts: 2,406
Dax Davis
Extreme Angler
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Extreme Angler
Joined: Oct 2008
Posts: 2,406 |
 talk about beating a dead horse who cares! Doesn't affect my pocket book! They are going to do what they want!
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